Don't expect Libya to disrupt oil supply glut this year, or next

[Seleskya + 50]

I really don't think the on-and-off fears of Libyan oil production further upsetting the oil supply glut are founded in any way. There's no way Libya can upset the OPEC cuts deal for any length of time, so I always find it amazing that speculators hedge on this factor. In any given week, Libya can increase it's oil production, but something always throws a wrench in their plans. And this year, they're considering elections, which will more than likely end up being next year instead, but that fact alone will bring massive instability. Watch this all unravel quickly ...